This page (revision-16) was last changed on 26-Nov-2021 10:22 by kparrott

This page was created on 26-Nov-2021 10:22 by JEscott

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Version Date Modified Size Author Changes ... Change note
16 26-Nov-2021 10:22 12 KB kparrott to previous
15 26-Nov-2021 10:22 12 KB rforbes to previous | to last
14 26-Nov-2021 10:22 12 KB rforbes to previous | to last
13 26-Nov-2021 10:22 12 KB rforbes to previous | to last
12 26-Nov-2021 10:22 12 KB rforbes to previous | to last
11 26-Nov-2021 10:22 12 KB rforbes to previous | to last
10 26-Nov-2021 10:22 12 KB rforbes to previous | to last
9 26-Nov-2021 10:22 12 KB rforbes to previous | to last
8 26-Nov-2021 10:22 12 KB rforbes to previous | to last
7 26-Nov-2021 10:22 12 KB rforbes to previous | to last VERTEX ==> Vertex.VERTEX
6 26-Nov-2021 10:22 12 KB JEscott to previous | to last
5 26-Nov-2021 10:22 11 KB JEscott to previous | to last
4 26-Nov-2021 10:22 11 KB JEscott to previous | to last
3 26-Nov-2021 10:22 11 KB JEscott to previous | to last
2 26-Nov-2021 10:22 11 KB JEscott to previous | to last
1 26-Nov-2021 10:22 7 KB JEscott to last

Page References

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U.S. TAXATION
U.S. TAXATION

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At line 16 changed one line
!!U.S. FEDERAL TAX CALCULATIONS
!!U.S. Federal Tax Calculations
At line 22 changed 2 lines
!!U.S. STATE TAX CALCULATIONS
When calculating the State tax, Vertex takes into consideration the Work and Residence Jurisdiction codes that are passed and the State Reciprocation. The Work Jurisdiction code of the employee is derived from their primary assignment record ([IEAS]) that is being paid in the time sheet on the [IPPH] form. The Residence Jurisdiction code is from the employee’s Personal ([IEPI]) record, where they live, that is effective for the time sheet. You can override both work and residence jurisdiction for each timeliest on the [IPPH] form.
!!U.S. State Tax Calculations
When calculating the State tax, [Vertex|VERTEX] takes into consideration the Work and Residence Jurisdiction codes that are passed and the State Reciprocation. The Work Jurisdiction code of the employee is derived from their primary assignment record ([IEAS]) that is being paid in the time sheet on the [IPPH] form. The Residence Jurisdiction code is from the employee’s Personal ([IEPI]) record, where they live, that is effective for the time sheet. You can override both work and residence jurisdiction for each timeliest on the [IPPH] form.
At line 25 changed one line
When [UPCALC] calls the Vertex module to calculate the State tax, there is a linkage area for State tax calculation that has 2 buffer areas, one for the Work State area and one for the Residence State area. The Vertex module calculates the appropriate Work and/or Residence State tax and passes back the 2 buffer areas to [UPCALC]. [UPCALC] will then retrieve the State tax results and store into the proper Work State tax pay components and/or the Residence State tax pay components.
When [UPCALC] calls the [Vertex|VERTEX] module to calculate the State tax, there is a linkage area for State tax calculation that has 2 buffer areas, one for the Work State area and one for the Residence State area. The [Vertex|VERTEX] module calculates the appropriate Work and/or Residence State tax and passes back the 2 buffer areas to [UPCALC]. [UPCALC] will then retrieve the State tax results and store into the proper Work State tax pay components and/or the Residence State tax pay components.
At line 36 changed 2 lines
!!U.S. LOCAL TAX CALCULATIONS
When calculating the Local County and City tax, Vertex takes into consideration the Work and Residence Jurisdiction codes. The Work Jurisdiction code of the employee is from the employee’s primary assignment ([IEAS]) record that is being paid in the time sheet on the [IPPH] form. The Residence Jurisdiction code is from the employee’s Personal ([IEPI]) form, where they live, that is effective for the time sheet. You can override both work and residence jurisdiction for each timeliest on [IPPH] form.
!!U.S. Local Tax Calculations
When calculating the Local County and City tax, [Vertex|VERTEX] takes into consideration the Work and Residence Jurisdiction codes. The Work Jurisdiction code of the employee is from the employee’s primary assignment ([IEAS]) record that is being paid in the time sheet on the [IPPH] form. The Residence Jurisdiction code is from the employee’s Personal ([IEPI]) form, where they live, that is effective for the time sheet. You can override both work and residence jurisdiction for each timeliest on [IPPH] form.
At line 39 changed one line
When [UPCALC] calls the Vertex module to calculate the Local tax, there is a linkage area for Local tax calculation that has 4 buffer areas - 1 for the Work County area, 1 for Work City area, 1 for Residence County area and 1 for the Residence City area. Then the Vertex module calculates the appropriate Work and/or Residence County and City tax and passes back the 4 buffer areas to [UPCALC]. [UPCALC] will then retrieve the County and City tax results and store into the proper Work tax pay components and/or the Residence tax pay components.
When [UPCALC] calls the [Vertex|VERTEX] module to calculate the Local tax, there is a linkage area for Local tax calculation that has 4 buffer areas - 1 for the Work County area, 1 for Work City area, 1 for Residence County area and 1 for the Residence City area. Then the [Vertex|VERTEX] module calculates the appropriate Work and/or Residence County and City tax and passes back the 4 buffer areas to [UPCALC]. [UPCALC] will then retrieve the County and City tax results and store into the proper Work tax pay components and/or the Residence tax [pay components|PAY COMPONENTS].
At line 44 changed 2 lines
!!125 PLAN PROCESSING – CASH OPTION AND NON-CASH OPTION
If an employee has an option of receiving cash in lieu of the 125 plan benefits, then Vertex will take into consideration the 125 cash option in calculating SUI and SDI. You should set up a pay component for cash option 125 plan and a pay component for non-cash option 125 plan. Then as the 125 plan contribution is calculated, store the 125 plan amount into the proper cash 125 plan pay component or non-cash 125 plan pay component depending on if the employee elects to receive cash 125 or not.
!!125 Plan Processing – Cash Option and Non-Cash Option
If an employee has an option of receiving cash in lieu of the 125 plan benefits, then [Vertex|VERTEX] will take into consideration the 125 cash option in calculating SUI and SDI. You should set up a [pay component|PAY COMPONENTS] for cash option 125 plan and a pay component for non-cash option 125 plan. Then as the 125 plan contribution is calculated, store the 125 plan amount into the proper cash 125 plan pay component or non-cash 125 plan pay component depending on if the employee elects to receive cash 125 or not.
At line 50 changed one line
When [UPCALC] is run, as the 125 CASH OPT has a non-zero value, then Vertex will take into consideration the 125 plan cash option when calculating the SUI and SDI.
When [UPCALC] is run, as the 125 CASH OPT has a non-zero value, then [Vertex|VERTEX] will take into consideration the 125 plan cash option when calculating the SUI and SDI.
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!!VACATION PAY PROCESSING
!!Vacation Pay Processing
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All taxable earnings at the federal, state and local levels will be adjusted according to the number of weeks, proration factor before calling Vertex. On return from Vertex, all taxes calculated will be stored normally.
All taxable earnings at the federal, state and local levels will be adjusted according to the number of weeks, proration factor before calling [Vertex|VERTEX]. On return from [Vertex|VERTEX], all taxes calculated will be stored normally.
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!!MULTIPLE TAX JURISDICTION PROCESSING
!!Multiple Tax Jurisdiction Processing
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!SET UP
!Set Up
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;VERTEX CUMULATIVE TAX CALCUATION
;Vertex Cumulative Tax Calculation
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![Notes|Edit:Internal.U.S.+TAXATION]
[{InsertPage page='Internal.U.S.+TAXATION' default='Click to create a new notes page'}]
This page (revision-16) was last changed on 26-Nov-2021 10:22 by kparrottTop